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This property looks like a bad Long-Term investment with a projected -21.42% first-year return on $621k initial cash invested.
-21.42%
Cash On Cash
1.75%
Cap Rate
0.29
DSCR
$7,298
Rent
-$11,081
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,298 income − $18,379 expenses = $11,081 out of pocket
Investment Breakdown
|
Purchase Price
$2956k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$621k
Downpayment
20%
$591k
Closing costs
1%
$29,555
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,298
Total Expenses
$18,379
Mortgage P&I
206%
$15,018
Property Taxes
5%
$361
Home Insurance
15%
$1,102
HOA
0%
$0
Property Management
10%
$730
CapEx
5%
$365
Vacancy
6%
$438
Maintenance
5%
$365
Other
0%
$0